The fall is abrupt, but not at all surprising. Imho, the data isn’t really sufficient to lead to the conclusion that the job market is crashing.
First of all, judging by the overview chart the decline is steep, but it is currently roughly where it was a year ago. Given that we don’t have a huge tech ecosystem in Germany, most people aren’t employed at tech companies, they are at traditional companies. And for them it’s not that uncommon to see less newly opened positions towards the end of the year. Given that you just started scraping a year ago that seasonality hasn’t been captured so far, but I would expect the job portals data to support this.
Beyond that, many companies dramatically increased hiring in the later (post-) Covid area. It would not surprise me if some companies over hired given the currently harsh economic environment. Since laying off people isn’t as easy as it is in the US, you stop hiring to make up for it.
Also, given my limited experience from the hiring side of things, the demand still seems to outpace the supply of reasonably qualified individuals. According to Statista, Germany had 15k CS graduates in 2021 [1] and turnover of experienced employees is usually relatively low. So considering this and the already declined >100k total openings is still not a real reason to worry (at least based on this data)
First of all, judging by the overview chart the decline is steep, but it is currently roughly where it was a year ago. Given that we don’t have a huge tech ecosystem in Germany, most people aren’t employed at tech companies, they are at traditional companies. And for them it’s not that uncommon to see less newly opened positions towards the end of the year. Given that you just started scraping a year ago that seasonality hasn’t been captured so far, but I would expect the job portals data to support this.
Beyond that, many companies dramatically increased hiring in the later (post-) Covid area. It would not surprise me if some companies over hired given the currently harsh economic environment. Since laying off people isn’t as easy as it is in the US, you stop hiring to make up for it.
Also, given my limited experience from the hiring side of things, the demand still seems to outpace the supply of reasonably qualified individuals. According to Statista, Germany had 15k CS graduates in 2021 [1] and turnover of experienced employees is usually relatively low. So considering this and the already declined >100k total openings is still not a real reason to worry (at least based on this data)
[1] https://de.statista.com/statistik/daten/studie/789519/umfrag...